""You need a strong [political] middle because both sides will fight each other and probably get to the point where there are irreconcilable differences and they can't resolve that-and difficult things will happen.""
""It has to be done in a bipartisan way, in other words, I would like a bipartisan commission to deal with the mechanics and achieve that. I don't think these things are going to happen.""
""It really comes from a little bit of everything,""
""heart attack""
America's national debt approaches $38 trillion, producing a debt-to-GDP ratio near 120% and weekly interest costs exceeding $10 billion. The structure of concern focuses less on nominal debt and more on the ratio and rising interest payments on existing borrowing. Preventative options include increasing revenues through taxation and reducing government spending, but implementing those measures requires durable political agreement. A strong political center and a bipartisan mechanism, such as a commission to manage the technical mechanics of reform, are presented as prerequisites for making difficult fiscal choices. The prospect of achieving such bipartisan consensus is judged unlikely.
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